White Lotus Philanthropy Ltd
Overview
Mission
The Organization was established to spread Buddhist teachings through community outreach programs such as Buddhist classes, food events, caring for the environment campaigns, offer spiritual guidance, meditation and activities to enhance peace and harmony, fundraising for Buddhist activities, support Buddhist dharma activities such as religious ceremonies, support Buddhist monks and nuns living expenses and approve and grant funds to other non-profit religious organizations in foreign counties that have similar Buddhist purposes and activities.
What it reported doing in 2024
To engage in charitable activities in support of Buddhist organizations.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 823953939
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Headquarters
- Mamaroneck, NY, USA
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
- Affiliation
- Buddhism
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 79
- Accountability: 94
- Sustainability: 94
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.1%; rating input score 11
- Program expense ratio: 75.5%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 87.6%; rating input score 98; 98th percentile among comparable filings
- Operating reserve ratio: 8.67; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 54% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 51.2% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 11.1% of revenue deployed · 75.5% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $672K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 5 annual filings from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.